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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 3 Months Ended
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Nov. 30, 2017
Cash Flow Hedging [Member] |
Derivative [Line Items] |
Schedule of Interest Rate Derivatives |
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﻿Subsidiary |  | Date Entered into |  | Derivative Financial Counter- party |  | Derivative Financial Instruments |  | Initial US$ Notional Amount |  | Bank US$ loan Held with |  | Floating Leg (swap counter-party) |  | Fixed Rate for PSMT Subsidiary |  | Settlement Dates |  | Effective Period of swap
﻿PriceSmart, Inc (1) |  | 7-Nov-16 |  | MUFG Union Bank, N.A. ("Union Bank") |  | Interest rate swap |  | $ | 35,700,000 |  | Union Bank |  | Variable rate 1-month Libor plus 1.7% |  | 3.65 | % |  | 1st day of each month beginning on April 1, 2017 |  | March 1, 2017 - March 1, 2027
﻿Costa Rica |  | 28-Aug-15 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 7,500,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 2.50% |  | 7.65 | % |  | 28th day of August, November, February, and May beginning on November 30, 2015 |  | August 28, 2015 - August 28, 2020
﻿Honduras |  | 24-Mar-15 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 8,500,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 3.25% |  | 10.75 | % |  | 24th day of March, June, September, and December beginning on June 24, 2015 |  | March 24,2015 - March 20, 2020
﻿El Salvador |  | 16-Dec-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 4,000,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.78 | % |  | 29th day of each month beginning on December 29, 2014 |  | December 1, 2014 - August 29, 2019
﻿Colombia |  | 10-Dec-14 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 15,000,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 2.8% |  | 8.25 | % |  | 4th day of March, June, Sept, Dec. beginning on March 4, 2015 |  | December 4, 2014 - December 3, 2019
﻿Panama |  | 9-Dec-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 10,000,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 5.16 | % |  | 28th day of each month beginning December 29, 2014 |  | November 28, 2014 - November 29, 2019
﻿Honduras |  | 23-Oct-14 |  | Citibank, N.A. ("Citi") |  | Cross currency interest rate swap |  | $ | 5,000,000 |  | Citibank, N.A. |  | Variable rate 3-month Libor plus 3.5% |  | 11.6 | % |  | 22nd day of January, April, July, and October beginning on January 22, 2015 |  | Settled on October 22, 2017
﻿Panama |  | 1-Aug-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 5,000,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.89 | % |  | 21st day of each month beginning on September 22, 2014 |  | August 21, 2014 - August 21, 2019
﻿Panama |  | 22-May-14 |  | Bank of Nova Scotia ("Scotiabank") |  | Interest rate swap |  | $ | 3,970,000 |  | Bank of Nova Scotia |  | Variable rate 30-day Libor plus 3.5% |  | 4.98 | % |  | 4th day of each month beginning on June 4, 2014 |  | May 5, 2014 - April 4, 2019
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| (1) |  | The initial notional amount and fixed rate were modified effective January 2017.
Fair Value Hedging [Member] |
Derivative [Line Items] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value |
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﻿Non-deliverable forward foreign exchange contracts |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |
﻿Foreign currency forward contracts |  | Other current assets |  | $ | 71 |  | Other current assets |  | $ | — |
﻿Foreign currency forward contracts |  | Other accrued expenses |  |  | — |  | Other accrued expenses |  |  | — |
﻿Net fair value of non-deliverable forward foreign exchange contracts designated as hedging instruments that do not qualify for hedge accounting(1) |  |  |  | $ | 71 |  |  |  | $ | — |
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| (1) |  | The fair value of these financial assets and liabilities measured and recorded using Level 2 inputs, which are inputs other than quoted prices in active markets that are either directly or indirectly observable.
Derivative Swaps [Member] | Cash Flow Hedging [Member] |
Derivative [Line Items] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value |
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﻿Derivatives designated as cash flow hedging instruments |  | Balance Sheet Location |  | Fair Value |  | Net Tax Effect |  | Net OCI |  | Fair Value |  | Net Tax Effect |  | Net OCI
﻿Cross-currency interest rate swaps |  | Other non-current assets |  | $ | 2,514 |  |  | (938) |  |  | 1,576 |  | $ | 2,547 |  | $ | (950) |  | $ | 1,597
﻿Interest rate swaps |  | Other non-current assets |  |  | 764 |  |  | (272) |  |  | 492 |  |  | — |  |  | — |  |  | —
﻿Interest rate swaps |  | Other long-term liabilities |  |  | (4) |  |  | (3) |  |  | (7) |  |  | (231) |  |  | 80 |  |  | (151)
﻿Cross-currency interest rate swaps |  | Other long-term liabilities |  |  | (342) |  |  | 114 |  |  | (228) |  |  | (451) |  |  | 135 |  |  | (316)
﻿Net fair value of derivatives designated as hedging instruments |  |  |  | $ | 2,932 |  | $ | (1,099) |  | $ | 1,833 |  | $ | 1,865 |  | $ | (735) |  | $ | 1,130
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Derivative Swaps [Member] | Cash Flow Hedging [Member] | Interest Expense [Member] |
Derivative [Line Items] |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location |
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﻿Income Statement Classification |  | Interest expense on borrowings(1) |  | Cost of swaps (2) |  | Total
﻿Interest expense for the three months ended November 30, 2017 |  | $ | 849 |  | $ | 322 |  | $ | 1,171
﻿Interest expense for the three months ended November 30, 2016 |  | $ | 750 |  | $ | 423 |  | $ | 1,173
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| (1) |  | This amount is representative of the interest expense recognized on the underlying hedged transactions.
| (2) |  | This amount is representative of the interest expense recognized on the cross-currency interest rate swaps designated as cash flow hedging instruments.
Interest Rate Swap [Member] | Cash Flow Hedging [Member] |
Derivative [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions |
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﻿ |  | Notional Amount as of
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﻿ Floating Rate Payer (Swap Counterparty) |  | 2017 |  | 2017
﻿Union Bank |  | $ | 35,700 |  | $ | 35,700
﻿Citibank N.A. |  |  | 25,063 |  |  | 26,088
﻿Scotiabank |  |  | 12,924 |  |  | 13,724
﻿Total |  | $ | 73,687 |  | $ | 75,512
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Forward Foreign Exchange Contract 1 [Member] | Fair Value Hedging [Member] |
Derivative [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions |
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﻿Subsidiary |  | Dates entered into |  | Financial Derivative (Counterparty) |  | Derivative Financial Instrument |  | Notional Amount (in thousands) |  | Settlement Date |  | Effective Period of Forward
﻿Colombia |  | Oct-17 |  | Citibank, N.A. |  | Forward foreign exchange contracts (USD) |  |  | 1,000 |  | Dec-17 |  | October 13, 2017 - December 6, 2017
﻿Colombia |  | Oct-17 |  | Citibank, N.A. |  | Forward foreign exchange contracts (USD) |  |  | 1,000 |  | Dec-17 |  | October 17, 2017 - December 13, 2017
﻿Colombia |  | Oct-17 |  | Citibank, N.A. |  | Forward foreign exchange contracts (USD) |  |  | 1,000 |  | Dec-17 |  | October 18, 2017 - December 20, 2017
﻿Colombia |  | Oct-17 |  | Citibank, N.A. |  | Forward foreign exchange contracts (USD) |  |  | 1,000 |  | Dec-17 |  | October 19, 2017 - December 27, 2017
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Forward Foreign Exchange Contract 1 [Member] | Fair Value Hedging [Member] | Other Income (Expense) [Member] |
Derivative [Line Items] |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location |
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﻿ |  | Three Months Ended
﻿ |  | November 30, |  | November 30,
﻿Income Statement Classification |  | 2017 |  | 2016
﻿Other income (expense), net |  | $ | 93 |  | $ | 219
﻿

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